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Informist, Tuesday, Jul. 28, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices largely flat, Nifty tad down from 24000 pts; HUL dn 4%

 

MUMBAI--1010 IST--Benchmark indices were largely flat during Tuesday's open with Brent crude oil prices remaining lower around $87 a barrel amid a pause in war between the US and Iran. Around half of the Nifty 50 constituents traded higher. The 50-stock index is expected to remain volatile on the expiry of its weekly derivatives contracts.

 

At 0952 IST, the Nifty 50 was at 23998.15, up 2.20 points or flat from its previus close. The BSE Sensex was at 76857.15, up 21.37 points or flat from Monday. Broader market indices were mixed, with all mid-cap indices marginally higher. On the other hand, small-cap indices were down marginally. India VIX rose marginally to 12.6925 points.

 

Most sectoral indices were down in early trade, with the Nifty Energy down 1.5%. Meanwhile, the Nifty IT led the pack of gainers, up 3.5%.

 

Tata Consultancy Services was the top gainer in the Nifty 50 index, up over 4%. Infosys, Tech Mahindra, and HCL Technologies were up around 3?ch. In the Nifty 200 and Nifty 500 indices, Coforge gained the most, up nearly 10%. The company's consolidated revenue for the June quarter rose over 24% on quarter and surpassed expectations.

 

Hindustan Unilever, Coal India and Bharat Electronics were pushed down to be key drags in the Nifty 50 index, down over 3–4?ch. Hindustan Unilever fell after the company's net profit and revenue for the quarter missed the Street's view. Shares of Coal India fell as its consolidated net profit growth for the reporting quarter was largely flat on year.  (Arundathi A R)

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Equity Alert: Seen volatile ahead of F&O expiry; HUL, L&T in focus

 

 

MUMBAI--0845 IST--Benchmark indices are expected to move in a range Tuesday after ending Monday's session with significant gains. A drop in crude oil prices to a low of $87 a barrel following reports of the US pausing attacks on Iran is expected to lift market sentiment. Analysts see the market witnessing volatility due to the expiry of Nifty 50's weekly derivatives contracts. Investors are expected to keenly track Larsen & Toubro and Hindustan Unilever as they are scheduled to announce their June quarter earnings Tuesday.

 

At 0807 IST, the July contract of GIFT Nifty was marginally lower from its previous close at 23960, while the August contract was at 239997.50. This indicated a rangebound to negative movement for indices Tuesday. "As long as Nifty sustains above this level (23856 points), the index is likely to remain on an upward trajectory and could test the 24500 mark in the coming sessions," Sundar Kewat, technical and derivatives analyst at Ashika Institutional Equity Research, said. "Hence, a buy-on-dips strategy remains the preferred approach."

 

Shares of Bharat Electronics and Coal India will be watched post their June quarter results announcement Monday. Bharat Electronics reported an over 8% on-year rise in its net profit for the June quarter at INR 10.48 billion. This was almost in line with analysts' view of INR 10.36 billion. Its net sales for the quarter rose 25% on year to INR 55.33 billion, higher than analysts' consensus estimate of INR 50.36 billion.

 

Coal India reported a flat-on-year growth in its net profit for the reporting quarter. However, it surpassed the Street's view for the metric. The company's consolidated net profit grew 0.6% on year to INR 88.52 billion, above analysts' view of INR 86.88 billion. Its consolidated revenues from operations grew almost 8% on year to INR 462.55 billion.

 

L&T is expected to post a consolidated net profit of INR 38.50 billion, up 6.4% on year. The company's consolidated revenue from operations for the quarter is expected to be INR 685.64 billion, up 7.7% on year.

 

Hindustan Unilever is expected to report a year-on-year fall in net profit for the June quarter. The company's net profit for the June quarter is seen at INR 27.82 billion, down nearly 3% on year. Its revenue is seen at INR 171.77 billion, up around 8% on year.

 

Barring the Nasdaq Composite, the other two major US indices settled higher Monday. The indices ended mixed as the market awaits earnings from major companies such as Apple, Amazon, Meta Platforms, and Microsoft, which are due this week. Among Asian equity indices, Hang Seng index was the only gainer in early trade, up marginally. South Korea's KOSPI shed nearly 10%.  (Arundathi A R)

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Equity Alert: Asian markets open lower, Kospi falls to over three-month low 

 

MUMBAI--0742 IST--Indices in Asia opened lower Tuesday, with South Korea's Kospi falling more than 8% to its lowest level in more than three months. Trading was halted for 20 minutes after the fall triggered circuit breakers to prevent panic selling. Japan's Nikkei 225 was down nearly 4% and the broader market index, Topix, fell over 2%. 

 

The South Korean chip stocks fell Tuesday, with Samsung Electronics and SK Hynix falling as much as 9.5% and 11%, respectively. SK Hynix's US-listed American depository receipts closed lower at $143.02, down from their $149 initial public offering price. The fall came as investors pulled out of artificial intelligence stocks amid concerns over AI spending and competition from China. 

 

Japan's Kioxia Holdings plunged more than 17%. Heavyweights Advantest Corp. and Tokyo Electron fell over 10% while Shin-Etsu Chemical and SoftBank fell between 4% and 6%. Shares of the marine engineering company Hanwha Ocean fell over 8%, despite reporting better than expected earnings for the quarter. This was before the Korean Exchange halted trading in index stocks. 

 

China's CSI 300 fell 1.6%, tracking the decline in the region. Hong Kong's Hang Seng was slightly up, supported by gains in technology and industrial stocks. Hang Seng was the only regional index in the green. 

 

Following are the levels of key indices in the region at 0732 IST:

 

Index	Level	Change in %
Nikkei 225 Day	62360.6	(-)4.0
TOPIX FIRST SECTION	3966.28	(-)2.5
S&P/ASX 200 Index	8872.50	(-)0.2
KOSPI Index	6212.26	(-)8.0
Hang Seng Index	25327.88	0.5
CSI 300 Index	4630.81	(-)1.5
FTSE Singapore Strait Times	5600.03	(-)0.4

 

(Deesha Jadhav)

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Equity Alert: US indices close mixed ahead of Fed meet, earnings

 

MUMBAI--0705 IST--US indices closed mixed Monday as the market awaits earnings from major companies such as Apple, Amazon, Meta Platforms, and Microsoft, which are due this week. The spending of artificial intelligence companies still weighed on investors. Investors are estimating a 62% chance that the US Federal Reserve will leave the rates unchanged at its meeting Wednesday. This leaves a 38% chance of a 25-basis-point hike, according to the CME FedWatch tool.

 

The Dow Jones Industrial Average closed marginally higher. The Nasdaq Composite closed slightly higher while the S&P 500 ended almost flat. The Philadelphia semiconductor index closed 2.2% lower and is down 21% from its record high close of June. Shares of Walmart, Microsoft, and Johnson & Johnson closed between 1% and 2% higher, boosting the S&P 500. Among the 11 S&P sectors, seven closed in positive territory. Consumer staples closed up 1.6%, leading the gains, and information technology closed 1.3% higher. 

 

The market will closely watch the consumer confidence report which is due later in the day as also the Personal Consumption Expenditures Price Index for June which is due Thursday. Earnings from Coca-Cola, UPS, Corning, and Boeing for the June quarter are due before the bell. 

 

Following were the closing levels of major US indices Monday: 

 

Index	Level	Change in %
Dow Jones Industrial Average	52210.08	0.51
NASDAQ Composite	24932.08	(-)0.2
S&P 500	7413.18	0.02

 

(Deesha Jadhav)

 

US$1 = INR 95.69

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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